SFL Corporation Ltd
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, oil products transportation, container tra… Read more
SFL Corporation Ltd (SFL) - Net Assets
Latest net assets as of September 2025: $991.59 Million USD
Based on the latest financial reports, SFL Corporation Ltd (SFL) has net assets worth $991.59 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.85 Billion) and total liabilities ($2.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $991.59 Million |
| % of Total Assets | 25.75% |
| Annual Growth Rate | 3.91% |
| 5-Year Change | 41.82% |
| 10-Year Change | -9.13% |
| Growth Volatility | 20.37 |
SFL Corporation Ltd - Net Assets Trend (2001–2024)
This chart illustrates how SFL Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SFL Corporation Ltd (2001–2024)
The table below shows the annual net assets of SFL Corporation Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.13 Billion | +8.57% |
| 2023-12-31 | $1.04 Billion | -4.75% |
| 2022-12-31 | $1.09 Billion | +11.09% |
| 2021-12-31 | $982.33 Million | +23.46% |
| 2020-12-31 | $795.65 Million | -28.08% |
| 2019-12-31 | $1.11 Billion | -6.24% |
| 2018-12-31 | $1.18 Billion | -1.25% |
| 2017-12-31 | $1.19 Billion | +5.37% |
| 2016-12-31 | $1.13 Billion | -8.67% |
| 2015-12-31 | $1.24 Billion | +7.66% |
| 2014-12-31 | $1.15 Billion | -3.23% |
| 2013-12-31 | $1.19 Billion | +19.82% |
| 2012-12-31 | $994.77 Million | +16.06% |
| 2011-12-31 | $857.09 Million | +3.40% |
| 2010-12-31 | $828.92 Million | +10.62% |
| 2009-12-31 | $749.33 Million | +44.84% |
| 2008-12-31 | $517.35 Million | -15.81% |
| 2007-12-31 | $614.48 Million | +2.32% |
| 2006-12-31 | $600.53 Million | +6.95% |
| 2005-12-31 | $561.52 Million | -15.05% |
| 2004-12-31 | $660.98 Million | -19.59% |
| 2003-12-31 | $822.03 Million | +69.28% |
| 2002-12-31 | $485.61 Million | +4.04% |
| 2001-12-31 | $466.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SFL Corporation Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.47 Million | 0.13% |
| Other Comprehensive Income | $3.21 Million | 0.28% |
| Other Components | $1.12 Billion | 99.59% |
| Total Equity | $1.13 Billion | 100.00% |
SFL Corporation Ltd Competitors by Market Cap
The table below lists competitors of SFL Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Honglu Steel Construction Group Co Ltd
SHE:002541
|
$1.08 Billion |
|
Ujjivan Small Finance Bank Limited
NSE:UJJIVANSFB
|
$1.08 Billion |
|
Hankuk Carbon
KO:017960
|
$1.08 Billion |
|
THAI LIFE.INS.-NVDR- BA 1
F:DQ20
|
$1.08 Billion |
|
Lotus Health Group Co
SHG:600186
|
$1.08 Billion |
|
Grupo Supervielle SA
NYSE:SUPV
|
$1.08 Billion |
|
Neusoft Corp
SHG:600718
|
$1.08 Billion |
|
PT Indah Kiat Pulp & Paper Tbk
F:IKP
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SFL Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,039,397,000 to 1,128,422,000, a change of 89,025,000 (8.6%).
- Net income of 130,653,000 contributed positively to equity growth.
- Dividend payments of 138,491,000 reduced retained earnings.
- Share repurchases of 133,116,999 reduced equity.
- Other comprehensive income decreased equity by 1,288,000.
- Other factors increased equity by 231,267,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $130.65 Million | +11.58% |
| Dividends Paid | $138.49 Million | -12.27% |
| Share Repurchases | $133.12 Million | -11.8% |
| Other Comprehensive Income | $-1.29 Million | -0.11% |
| Other Changes | $231.27 Million | +20.49% |
| Total Change | $- | 8.57% |
Book Value vs Market Value Analysis
This analysis compares SFL Corporation Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.60x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $6.32 | $10.13 | x |
| 2002-12-31 | $6.57 | $10.13 | x |
| 2003-12-31 | $11.12 | $10.13 | x |
| 2004-12-31 | $8.78 | $10.13 | x |
| 2005-12-31 | $7.51 | $10.13 | x |
| 2006-12-31 | $8.24 | $10.13 | x |
| 2007-12-31 | $8.43 | $10.13 | x |
| 2008-12-31 | $7.11 | $10.13 | x |
| 2009-12-31 | $10.07 | $10.13 | x |
| 2010-12-31 | $10.49 | $10.13 | x |
| 2011-12-31 | $10.83 | $10.13 | x |
| 2012-12-31 | $12.34 | $10.13 | x |
| 2013-12-31 | $12.49 | $10.13 | x |
| 2014-12-31 | $12.36 | $10.13 | x |
| 2015-12-31 | $13.29 | $10.13 | x |
| 2016-12-31 | $12.13 | $10.13 | x |
| 2017-12-31 | $12.50 | $10.13 | x |
| 2018-12-31 | $11.14 | $10.13 | x |
| 2019-12-31 | $10.27 | $10.13 | x |
| 2020-12-31 | $7.30 | $10.13 | x |
| 2021-12-31 | $7.05 | $10.13 | x |
| 2022-12-31 | $7.94 | $10.13 | x |
| 2023-12-31 | $8.21 | $10.13 | x |
| 2024-12-31 | $8.68 | $10.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SFL Corporation Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.65%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 3.64x
- Recent ROE (11.58%) is below the historical average (18.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 45.42% | 43.56% | 0.25x | 4.18x | $165.34 Million |
| 2002 | 3.71% | 4.94% | 0.17x | 4.37x | $-30.54 Million |
| 2003 | 40.73% | 48.17% | 0.32x | 2.62x | $252.61 Million |
| 2004 | 39.74% | 53.38% | 0.23x | 3.26x | $196.56 Million |
| 2005 | 37.32% | 47.90% | 0.18x | 4.26x | $153.39 Million |
| 2006 | 30.11% | 42.57% | 0.17x | 4.25x | $120.75 Million |
| 2007 | 27.29% | 42.05% | 0.14x | 4.80x | $106.26 Million |
| 2008 | 35.10% | 38.18% | 0.14x | 6.47x | $129.88 Million |
| 2009 | 25.70% | 52.06% | 0.12x | 4.01x | $117.67 Million |
| 2010 | 19.99% | 49.29% | 0.12x | 3.48x | $82.82 Million |
| 2011 | 15.30% | 44.45% | 0.10x | 3.38x | $45.47 Million |
| 2012 | 18.68% | 58.13% | 0.11x | 2.99x | $86.36 Million |
| 2013 | 7.48% | 32.93% | 0.09x | 2.56x | $-29.99 Million |
| 2014 | 10.65% | 37.50% | 0.11x | 2.64x | $7.47 Million |
| 2015 | 16.17% | 49.38% | 0.13x | 2.47x | $76.65 Million |
| 2016 | 12.91% | 35.45% | 0.14x | 2.59x | $33.00 Million |
| 2017 | 8.47% | 26.57% | 0.13x | 2.52x | $-18.29 Million |
| 2018 | 6.24% | 17.58% | 0.11x | 3.29x | $-44.38 Million |
| 2019 | 8.06% | 19.55% | 0.12x | 3.51x | $-21.46 Million |
| 2020 | -28.21% | -56.05% | 0.13x | 3.89x | $-303.99 Million |
| 2021 | 16.73% | 33.22% | 0.14x | 3.52x | $66.11 Million |
| 2022 | 18.58% | 30.93% | 0.17x | 3.54x | $93.64 Million |
| 2023 | 8.08% | 11.37% | 0.20x | 3.59x | $-20.00 Million |
| 2024 | 11.58% | 14.65% | 0.22x | 3.64x | $17.81 Million |
Industry Comparison
This section compares SFL Corporation Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SFL Corporation Ltd (SFL) | $991.59 Million | 45.42% | 2.88x | $1.08 Billion |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |